1. Calculate the whole units. 2. Calculate the equivalent units with respect to material and conversion costs. 3. Calculate the cost per equivalent unit for materials and for conversion. 4. Calculate the total amount that the accountant would credit out of work in process welding for the month. 5. Prepare the journal entry to show the costs moving from the work in process welding account into the work in process track account: 6. Calculate the ending balance in the work in process welding account. USE THIS INFORMATION FOR THE NEXT FEW QUESTIONS:We find the following information for the Welding Department WIP Account of BNSF line.After the Welding Department, the costs will flow into the next WIP department which is TrackInstallation. All materials are placed in process at the beginning of the production cycle.Work In Process – WeldingBeg. Bal: 9,000 Units, 40% completeDirect Materials: 40,000 units @ $6.80Direct LaborFactory OverheadBal. ?? Units, 30% Complete$72.360$272,000$80,000$40,450To Track WIP Department, 41,500 Units$??$???

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Answered: . Calculate the whole units. 2.…

. Calculate the whole units. 2. Calculate the equivalent units with respect to material and conversion costs. 3. Calculate the cost per equivalent unit for materials and for conversion.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What is the direct materials cost per equivalent unit? What is the conversion cost per equivalent unit? What is the cost of beginning work in process completed during may? What is the cost of the ending work in process? What is the amount of costs transferred o finished goods (or next department)?
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